Premier Foods PLC

Remuneration Information • Jun 14, 2017

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RNS Number : 0607I

Premier Foods plc

14 June 2017

14 June 2017

Premier Foods plc (the "Company")

Notification of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated

2017 Long Term Incentive Plan Award

On 13 June 2017 (the "Grant Date") executive directors and members of the Executive Leadership Team of the Company were granted Performance Share Awards, over ordinary shares of 10p each in the Company, under the Premier Foods Long Term Incentive Plan (the "LTIP"), as set out below.

Name	Title	Number of shares subject to options
Gavin Darby	Chief Executive Officer	3,444,034
Alastair Murray	Chief Financial Officer	1,505,682
Jette Andersen	Managing Director, International	442,804
Mark Hughes	Procurement & Central Operations Director	588,664
Andrew McDonald	Corporate Development & Legal Director	552,083
Alex Whitehouse	Managing Director, UK	677,557
David Wilkinson	Human Resources Director	528,905

Performance Share Awards are structured as nil cost options to acquire shares for nil consideration. They will normally vest and become exercisable under the LTIP on the third anniversary of the Grant Date and remain exercisable until the day before the seventh anniversary of the Grant Date, subject to the participant continuing to hold an office or employment within the group and the achievement of two independent performance conditions. The first condition comprises of a relative total shareholder return based condition that will apply to two-thirds of the total number of shares held under an award and the second is an earnings per share based target that will apply to one-third of the total number of shares held under an award. No consideration was paid for the grant of the Performance Share Awards and no consideration shall be payable when a Performance Share Award is exercised. 

The notifications set out below are provided in accordance with the requirements of the Market Abuse Regulation.

ENQUIRIES:

For further information please contact:

Andrew McDonald

Corporate Development & Legal Director

+44 (0) 1727 815 850

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Gavin Darby

2

Reason for the notification

a)

Position/status

Chief Executive Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	3,444,034

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alastair Murray

2

Reason for the notification

a)

Position/status

Chief Financial Officer

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	1,505,682

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Jette Andersen

2

Reason for the notification

a)

Position/status

Managing Director, International

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	442,804

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Mark Hughes

2

Reason for the notification

a)

Position/status

Procurement & Central Operations Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	588,664

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Andrew McDonald

2

Reason for the notification

a)

Position/status

Corporate Development & Legal Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	552,083

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

Alex Whitehouse

2

Reason for the notification

a)

Position/status

Managing Director, UK

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	677,557

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

1

Details of the person discharging managerial responsibilities / person closely associated

a)

Name

David Wilkinson

2

Reason for the notification

a)

Position/status

Human Resources Director

b)

Initial notification /Amendment

Initial notification

3

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name

Premier Foods plc

b)

LEI

N/A

4

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted

a)

Description of the financial instrument, type of instrument

Identification code

Ordinary shares of 10p each ("Shares")

ISIN: GB00B7N0K053

b)

Nature of the transaction

Grant of Performance Share Awards under the Premier Foods plc Long Term Incentive Plan

c)

Price(s) and volume(s)

Price(s)	Volume(s)
Nil	528,905

d)

Aggregated information

- Aggregated volume

- Price

N/A

e)

Date of the transaction

2017-06-13

f)

Place of the transaction

Outside a trading venue

This information is provided by RNS

The company news service from the London Stock Exchange

END

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